Many people tell us they are not exactly sure what Estate Planning entails. Some clients believe that Estate Planning only concerns people with great wealth. Other clients believe it’s something you do just before death. Neither idea is correct. If you have assets in Daytona Beach, New Smyrna Beach, Ormond Beach, Port Orange, or any other Central Florida community, you should contact an experienced Estate Planning Attorney and start your Estate Plan now. This will ensure an orderly transfer and disposition of your funds and assets into the future.
These items can be prepared and tailored to your exact needs and wishes. Most of these items can be changed or modified in the future as your needs and wishes change in the future.
A. Tax Planning
We, together with you, arrange your Assets in such a way that when you die you avoid paying Estate taxes. This is usually done in conjunction with your CPA or the accountant in charge of your usual tax liabilities.
B. Incapacity Planning
This involves arranging in advance plans to keep you in charge even if you can’t do the day to day finances required, such as when you are hurt or suffering from a long term illness.
C. Charitable Planning
This can be giving a small gift to your local animal shelter up to a large amount to fund a charitable foundation.
D. Inheritance Planning
The area where you provide for your spouse, children, and grandchildren to receive your Assets when you die. You can establish conditions and circumstances to occur before the gift is given.
E. Special Needs Planning
Done by parents who have children with disabilities. This often involves many of the following: